Fundraising

The pension fund has continued its support of the two firms' secondaries platforms with almost $400m in new commitments.

The firm will focus on sustainable development investments with strong ESG principles with its new fund of funds.

The investor hopes to close its third dedicated fund on target by the end of summer and is seeking investment from more Middle Eastern and Asian sovereign wealth funds.

The $4.2bn pension wants to commit to two separate global secondaries funds and is seeking managers with at least $500m in secondaries investments.

Arcano Asset Management came in third place in Spain's top fund managers by capital raised, according to data from PEI Research & Analytics.

The £3.2bn UK pension, which is under-allocated to private equity, committed to both of the firm's previous SOF vehicles.

The secondaries firm is seeking €350m for its latest fund which will focus mainly on Europe.

If Ardian’s $10.8bn means private equity secondaries have come of age, then a real estate secondaries fund would have to raise around $3.6bn to have a similar impact on its market.

Two funds managed by Blackstone's Strategic Partners and HarbourVest Partners account for almost a third of the total capital being sought for private equity secondaries strategies.

The Israel-based firm's latest FoF, its largest to date, can make early secondaries deals in VC and technology-related funds.